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1 | AN ACT concerning finance.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The State Finance Act is amended by changing | ||||||||||||||||||||||||||
5 | Sections 8h, as added by Public Act 93-32, and 8j as follows:
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6 | (30 ILCS 105/8h)
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7 | Sec. 8h. Transfers to General Revenue Fund. | ||||||||||||||||||||||||||
8 | Notwithstanding any other
State law to the contrary, the | ||||||||||||||||||||||||||
9 | Director of the
Governor's Office of Management and Budget
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10 | Bureau of the Budget
may from time to time direct the State | ||||||||||||||||||||||||||
11 | Treasurer and Comptroller to transfer
a specified sum from any | ||||||||||||||||||||||||||
12 | fund held by the State Treasurer to the General
Revenue Fund in | ||||||||||||||||||||||||||
13 | order to help defray the State's operating costs for the
fiscal | ||||||||||||||||||||||||||
14 | year. The total transfer under this Section from any fund in | ||||||||||||||||||||||||||
15 | any
fiscal year shall not exceed the lesser of 8% of the | ||||||||||||||||||||||||||
16 | revenues to be deposited
into the fund during that year or 25% | ||||||||||||||||||||||||||
17 | of the beginning balance in the fund.
No transfer may be made | ||||||||||||||||||||||||||
18 | from a fund under this Section that would have the
effect of | ||||||||||||||||||||||||||
19 | reducing the available balance in the fund to an amount less | ||||||||||||||||||||||||||
20 | than
the amount remaining unexpended and unreserved from the | ||||||||||||||||||||||||||
21 | total appropriation
from that fund for that fiscal year. This | ||||||||||||||||||||||||||
22 | Section does not apply to any
funds that are restricted by | ||||||||||||||||||||||||||
23 | federal law to a specific use or to any funds in
the Motor Fuel | ||||||||||||||||||||||||||
24 | Tax Fund. Notwithstanding any other provision of this Section,
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25 | the total transfer under this Section from the Road Fund or the | ||||||||||||||||||||||||||
26 | State
Construction Account Fund shall not exceed 5% of the | ||||||||||||||||||||||||||
27 | revenues to be deposited
into the fund during that year.
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28 | In determining the available balance in a fund, the | ||||||||||||||||||||||||||
29 | Director of the
Governor's Office of Management and Budget
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30 | Bureau of the Budget
may include receipts, transfers into the | ||||||||||||||||||||||||||
31 | fund, and other
resources anticipated to be available in the | ||||||||||||||||||||||||||
32 | fund in that fiscal year.
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1 | The State Treasurer and Comptroller shall transfer the | ||||||
2 | amounts designated
under this Section as soon as may be | ||||||
3 | practicable after receiving the direction
to transfer from the | ||||||
4 | Director of the Governor's Office of Management and
Budget
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5 | Bureau of the Budget .
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6 | The authority under this Section to direct the transfer of | ||||||
7 | funds terminates on June 30, 2004, and no funds may be | ||||||
8 | transferred under the authority of this Section after June 30, | ||||||
9 | 2004.
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10 | (Source: P.A. 93-32, eff. 6-20-03; revised 8-21-03.)
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11 | (30 ILCS 105/8j)
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12 | Sec. 8j. Allocation and transfer of fee receipts to General | ||||||
13 | Revenue Fund.
If and only if any one or more of Senate Bills | ||||||
14 | 774, 841, 842, and 1903 of
the 93rd General Assembly become | ||||||
15 | law, Notwithstanding any other law to the
contrary, additional | ||||||
16 | amounts generated by the new and increased fees created
or | ||||||
17 | authorized by Public Acts 93-22, 93-23, 93-24, and 93-32
these | ||||||
18 | amendatory Acts of the 93rd General Assembly
this amendatory | ||||||
19 | Act of the 93rd General Assembly and by Senate Bill 774,
Senate | ||||||
20 | Bill 841, and Senate Bill 842 of the 93rd General Assembly, if | ||||||
21 | those
bills become law, shall be allocated between the fund | ||||||
22 | otherwise entitled to
receive the fee and the General Revenue | ||||||
23 | Fund by the Governor's Office of
Management and Budget
Bureau | ||||||
24 | of the Budget . In determining the amount of
the allocation to | ||||||
25 | the General Revenue Fund, the Director of the Governor's
Office | ||||||
26 | of Management and Budget
Bureau of the Budget shall calculate
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27 | whether the available resources in the fund are sufficient to | ||||||
28 | satisfy the
unexpended and unreserved appropriations from the | ||||||
29 | fund for the fiscal year.
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30 | In calculating the available resources in a fund, the | ||||||
31 | Director of the
Governor's Office of Management and Budget
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32 | Bureau of the Budget may
include receipts, transfers into the | ||||||
33 | fund, and other resources anticipated to
be available in the | ||||||
34 | fund in that fiscal year.
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35 | Upon determining the amount of an allocation to the General |
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1 | Revenue Fund
under this Section, the Director of the Governor's | ||||||
2 | Office of Management
and Budget
Bureau of the Budget may direct | ||||||
3 | the State Treasurer and
Comptroller to transfer the amount of | ||||||
4 | that allocation from the fund in which
the fee amounts have | ||||||
5 | been deposited to the General Revenue Fund; provided,
however, | ||||||
6 | that the Director shall not direct the transfer of any amount | ||||||
7 | that
would have the effect of reducing the available resources | ||||||
8 | in the fund to an
amount less than the amount remaining | ||||||
9 | unexpended and unreserved from the total
appropriation from | ||||||
10 | that fund for that fiscal year.
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11 | The State Treasurer and Comptroller shall transfer the | ||||||
12 | amounts designated
under this Section as soon as may be | ||||||
13 | practicable after receiving the direction
to transfer from the | ||||||
14 | Director of the Governor's Office of Management and
Budget
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15 | Bureau of the Budget .
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16 | The authority under this Section to direct the allocation | ||||||
17 | and transfer of funds terminates on June 30, 2004, and no funds | ||||||
18 | may be allocated or transferred under the authority of this | ||||||
19 | Section after June 30, 2004.
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20 | (Source: P.A. 93-25, eff. 6-20-03; 93-32, eff. 6-20-03; revised | ||||||
21 | 8-21-03.)
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22 | Section 99. Effective date. This Act takes effect on June | ||||||
23 | 30, 2004.
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